ZHUHAI COSMX(SH:688772)2025-04-28 11:50Financial Performance - The company's revenue for the first quarter was CNY 2,498,358,236.32, a decrease of 1.98% compared to CNY 2,548,830,423.39 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 23,700,421.20, representing a decline of 337.09% from a profit of CNY 9,996,303.22 in the previous year[3]. - The basic earnings per share were CNY -0.02, a decrease of 300.00% from CNY 0.01 in the same period last year[3]. - The diluted earnings per share also stood at CNY -0.02, reflecting the same decline of 300.00%[3]. - The total net profit for the first quarter of 2025 was -56,546,329.44 RMB, compared to -36,401,323.41 RMB in the same period of 2024, indicating a decline in profitability[19]. - The total comprehensive income for Q1 2025 was -57,115,780.85 RMB, compared to -36,464,600.07 RMB in Q1 2024, reflecting a worsening financial position[19]. Cash Flow and Assets - The net cash flow from operating activities decreased by 17.88% to CNY 507,381,729.78 from CNY 617,841,098.63 year-on-year[3]. - The company's operating cash flow for Q1 2025 was 507,381,729.78 RMB, down from 617,841,098.63 RMB in Q1 2024, reflecting a decrease of approximately 17.8%[21]. - The cash and cash equivalents at the end of Q1 2025 were 1,720,841,047.61 RMB, down from 3,657,065,749.49 RMB at the end of Q1 2024, showing a decrease of approximately 53%[22]. - The company's cash and cash equivalents decreased to approximately ¥2.04 billion from ¥2.71 billion, representing a decline of about 24.5%[14]. - As of March 31, 2025, the company's total current assets amounted to approximately ¥8.98 billion, a decrease from ¥9.29 billion as of December 31, 2024, reflecting a decline of about 3.3%[14]. - The company reported a total cash outflow of 2,599,736,008.42 RMB from operating activities in Q1 2025, which is an increase from 2,565,241,823.90 RMB in Q1 2024[21]. Research and Development - Research and development expenses totaled CNY 371,847,643.37, an increase of 11.43% compared to CNY 333,694,194.15 in the previous year, accounting for 14.88% of revenue[4]. - Research and development expenses rose to CNY 371,847,643.37, an increase of 11.43% compared to CNY 333,694,194.15 in Q1 2024[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 21,221,539,520.57, up 1.28% from CNY 20,953,156,563.69 at the end of the previous year[4]. - Total assets increased to CNY 21,221,539,520.57, up from CNY 20,953,156,563.69 year-over-year[16]. - Total liabilities decreased to CNY 13,302,691,263.95 from CNY 13,686,458,433.61 in the previous year[16]. - Shareholder equity increased to CNY 7,918,848,256.62, compared to CNY 7,266,698,130.08 in Q1 2024[16]. - Non-current assets totaled CNY 12,237,283,951.20, an increase from CNY 11,665,837,465.71 year-over-year[16]. Operational Challenges - The company experienced a significant impact on net profit due to increased operating costs and a policy adjustment in export tax rebates[8]. - Total operating costs increased to CNY 2,644,943,136.24, up 0.12% from CNY 2,623,510,174.84 in the previous year[18]. - Operating profit for Q1 2025 was CNY -156,055,644.22, worsening from CNY -94,355,625.30 in Q1 2024[18]. - Investment losses amounted to CNY -3,655,799.83, compared to a loss of CNY -731,933.12 in Q1 2024[18]. Other Financial Activities - The company reported non-recurring gains and losses totaling CNY 25,496,732.66 for the period[7]. - The company has not engaged in any financing or margin trading activities during the reporting period[12]. - There were no new strategies or major product developments mentioned in the conference call, indicating a focus on existing operations[13]. - The company has not reported any significant changes in shareholder relationships or actions during the reporting period[12].